Author page: GAK_Admin

Barclays set up investment, wealth management arm

Addressing a press conference, Vitry said that Barclays Saudi Arabia (BSA) was honored to have received its commencement letter from the Capital Market Authority (CMA), which allows them to conduct regulated activities now. He said: “The Middle East, especially Saudi Arabia, was an important market in which Barclays has a strong footprint and client base.” The Kingdom now becomes the fourth Barclays operation in the region after Egypt, Qatar and the UAE.

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sama suspends operations after SR1 billion loss

Flights will operate as planned on Monday as Sama makes urgent arrangements to accommodate stranded passengers on other airlines. Sama CEO Bruce Ashby said the decision was not an easy one for the airlines and was taken only after failing to find an alternative. Sama has informed the General Authority of Civil Aviation of its plan, said GACA spokesman Khalid Al-Khaibari.

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cargo plane crashes in riyadh

cargo plane crashes in riyadh

There were no casualties, although its two pilots sustained minor injuries, according to the German airline and the General Authority of Civil Aviation (GACA). The aircraft split into two pieces when it landed at 11.38 in the morning. “The cause of the incident is being investigated, and one of the two KKIA runways temporarily closed has since been reopened for regular flights,” said GACA spokesman Khaled Al-Khaibari.

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Gunmen in attack on journalist still at large

Three Saudi men who allegedly opened fire on a senior Riyadh-based journalist and his friend are still at large. Riyadh police have detained several suspects for identification since the attack on Wednesday night on Subhi Rakha, a correspondent for the Kuwaiti newspaper Al-Rai. “Many suspects were released after the two police lineups in which we were called to identify the culprits,” Rakha said on Saturday. He said three men “fired indiscriminately from their pistols after my friend and I intervened to settle a scuffle between the Saudi men and an Egyptian national.”

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